Turned down for Co Op Cashminder basic account!!

peachyprice

bradztheman wrote: »

I was discharged from bankruptcy in June!

I have a late payment marker with barclays for an account £700 over an unauthorised overdraft, which ive been struggling to keep up with payment arrangments with them so theyve decided to close the account, so think theyve cleared the outstanding balance.

This could have been the alarm bell that got your application refused.

If this debt was pre-BR it should have been included, if it was post BR it's just downright reckless for you to get yourself into £700 debt while an undischarged bankrupt or equally reckless if you've accumulated it since you've been discharged.

grumbler

bradztheman wrote: »

I dont think they give you a unique sort code and account number

You can have it along with your cash card bank account.

bradztheman

grumbler wrote: »

You can have it along with your cash card bank account.

What do you mean??

And i still think ffrees is the best.

grumbler

bradztheman wrote: »

What do you mean??

bradztheman wrote: »

I need an account with a debit card so i can atleast pay for things online, ybs offers a link card, but not sure if its a visa debit card..

I mean that you can use a prepaid card to "pay for things online".

And i still think ffrees is the best.

I am no expert. You compare and decide whether £2.50 p.m. suits you better.

JuicyJesus

platterfish wrote: »

Go to noddle.

Press CIFAS on the left.

It may say this

"There are no CIFAS warnings registered at your address(es)."

If so, you have no marker.

I have no CIFAS markers, have never been bankrupt, have never defaulted on anything, etc etc etc, and still got declined for a Cashminder. I have also had no issues getting accepted for any number of other current accounts and other lending products since or before being declined for the Cashminder and have never had any such accounts closed on me or been involved with any form of fraud or money laundering. In fact it would be rather bizarre if any of the above applied to me since they would more or less end my career overnight.

I think I'll put this down to "The Co-op are idiots".

bradztheman

JuicyJesus wrote: »

I have no CIFAS markers, have never been bankrupt, have never defaulted on anything, etc etc etc, and still got declined for a Cashminder. I have also had no issues getting accepted for any number of other current accounts and other lending products since or before being declined for the Cashminder and have never had any such accounts closed on me or been involved with any form of fraud or money laundering. In fact it would be rather bizarre if any of the above applied to me since they would more or less end my career overnight.

I think I'll put this down to "The Co-op are idiots".

Did you not appeal their decision?

Archi_Bald

bradztheman wrote: »

And i still think ffrees is the best.

They do not appear to be part of the FSCS scheme, so if they go bellies up, you could lose all your money (up to the max £5K they allow to be kept at any one point in time, I believe).

The firm registration number they quote on their website, 900025, for a company by the name of Contis Financial Services, cannot be found on the FCA Register. However, Ffrees Family Finance Ltd is found.

The FCA registered contact has got a mobile phone, and Google Maps for the registered address looks like a private terraced cottage.
41 London Road
Twyford
Reading
Berks
UNITED KINGDOM
RG10 9EJ

https://maps.google.com/maps?q=RG10+9EJ&ie=UTF-8&ei=hrikUt3wJaTe7AbJgYGoCA&ved=0CAoQ_AUoAg

bradztheman

Any way of finding out how many members they currently have?

Theyre also enabling you to have direct debits soon it says.

Cheapest prepaid card/bank account going i think.

pmduk

Cheapest isn't always the best, even on a money-saving site. How many customers have you found that are happy with their customer service?

JuicyJesus

bradztheman wrote: »

Did you not appeal their decision?

I did, and they led me round the houses and still said no.

Their loss.